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Democratic Primaries
In reply to the discussion: BERNIE SANDERS CALLS OUT ANTI-MEDICARE FOR ALL 'FRONT GROUP' [View all]Uncle Joe
(64,060 posts)93. They made enough in profits to spend 23 million dollars in lobbying and that's just
Blue Cross Blue Shield per the OP
Members of the partnership spent a combined $143 million in 2018, including $23 million in lobbying money from insurance giant Blue Cross Blue Shield and nearly $28 million from pharmaceutical industry trade group Pharmaceutical Research and Manufacturers of America, according to data from the Center for Responsive Politics.
They also made enough in profits to just pay their CEOs alone in salary and compensation packages of 342.6 million dollars in 2017
Nearly every health insurance CEO got a pay raise in 2017in most cases, bringing home more than 300 times the amount their average employee earned.
All together, CEOs at the nations largest insurance companies earned $342.6 million in 2017, with the highest-paid executive bringing home $83.2 million, more than 1,400 times what the average employee brought home.
The top eight insurance companies paid out twice as much money to their top executives as they did the previous year thanks to notable churn in C-suites across the industry, according to an analysis of SEC filings by FierceHealthcare. The review included Aetna, Cigna, Molina, WellCare, Centene, UnitedHealth Group, Humana and Anthem.
(snip)
Molina shelled out $34.7 million to two different executives. Most of that went to former CEO J. Mario Molina, M.D., who was fired by the board of directors in May of last year. Molina took home $30.5 million, which included nearly $25 million in vested stock and a $5 million severance payment.
(snip)
https://www.fiercehealthcare.com/payer/ceo-pay-2017-342-million-unitedhealth-molina-cigna-aetna
How much health care would those sums of money alone cover?
And of course that's not even the entire picture of their profits, just a sampling.
In comparison the President of the entire nation
Like the typical American, the president of the United States is on salary. Unlike the typical American worker, who brings in about $44,564 a year, the president is paid $400,000 a year, plus an extra expense allowance of $50,000 a year, a $100,000 non-taxable travel account and $19,000 for entertainment.Feb 19, 2018
How much the president on the United States gets paid - CNBC.com
https://www.cnbc.com/.../how-much-the-president-on-the-united-states-gets-paid.html
primary today, I would vote for: Undecided
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He's been in Washington for 28 years, why hasn't he been able to accomplish this for the People?
George II
May 2019
#33
CHIP and the ACA are accomplishments that actually got affordable health care to people.
ehrnst
May 2019
#35
I agree, the debates will be decisive & once they're over, and the primary election is decided...
InAbLuEsTaTe
May 2019
#110
I don't like Medicare for all. It would cost me a fortune to cover my family...and we have
Demsrule86
May 2019
#6
I pay $300.00 per month with copays for doctor visits and a $4000.00 out of pocket which
Demsrule86
May 2019
#13
Too many advocates for Medicare For All aren't aware of how the current Medicare system is....
George II
May 2019
#25
I have looked into it as my sis in law is on it...it won't work here and if we try,
Demsrule86
May 2019
#29
The first state won't be Vermont, they tried then realized that it would cost way too much.
George II
May 2019
#39
I was specifically asking about the for profit "health" insurance industry but if
Uncle Joe
May 2019
#88
Any group that includes ins. cos. does NOT have the people's interest at heart.
Honeycombe8
May 2019
#23
The vast majority of countries with UHC use a hybrid. But apparently that's heresy. (nt)
ehrnst
May 2019
#42
I Know...and it only because Sanders insists on it. You tell supporters the issues with it but
Demsrule86
May 2019
#45
I was right: There are more single payer systems in dev. countries than other systems.
Honeycombe8
May 2019
#62
Medicare Advantage plans are not Gov.Medicare. They are private health insurance supplemental plans.
YOHABLO
May 2019
#101
Interesting that those who espouse "Medicare for All" tout all the countries that....
George II
May 2019
#56
My hubs had surgery a couple of weeks ago...spinal . He was sent home early...too
Demsrule86
May 2019
#37
Any proposal that does NOT include insurance companies will cost much, much more.
George II
May 2019
#43
It wasn't a "demand" it was a request and the for profit "health" insurance industry
Uncle Joe
May 2019
#70
All caps were used because my questions were relevant to the OP despite your protestations
Uncle Joe
May 2019
#82
My questions might seem like a "demand" if one is suffering from cognitive dissonance,
Uncle Joe
May 2019
#86
They made enough in profits to spend 23 million dollars in lobbying and that's just
Uncle Joe
May 2019
#93
The profit margin of the healthcare insurance industry is lower than almost any other industry.....
George II
May 2019
#94
It makes no difference there should be no profit on the peoples health care from an industry
Uncle Joe
May 2019
#95
If there is no profit at all, even minimal, what's the point of being in business at all? And....
George II
May 2019
#120
"insurance giant Blue Cross Blue Shield" is a consortium of local non-profit associations
ucrdem
May 2019
#96
Blue Cross Blue Shield is a consortium that owns for profit "health" insurance
Uncle Joe
May 2019
#97
I don't know why you believe Blue Cross Blue Shield having a "non-profit" status means they care
Uncle Joe
May 2019
#102
Insofar as you're speaking of non-profit as the be all in determining the good
Uncle Joe
May 2019
#104
Actually, with his record as a parent, he probably wouldn't want to open that door
LongtimeAZDem
May 2019
#122